Analysis Report on the Surge of Puxing Energy (00090.HK) in Hong Kong Stock Market

Puxing Energy (00090.HK) is an enterprise in the renewable energy sector of the Hong Kong stock market, which was listed on the surge list of the East Money App on December 3, 2025. Data shows that the stock rose by 13.04% on that day, closing at HK$1.300 [1], with a trading volume of 742,000 shares, which is 3.59 times the average volume [1]. In terms of annual performance, its year-to-date gain reached 137.10%, significantly outperforming the Hang Seng Index [1].

From the market background, the stock’s rise is closely related to the overall development trend of the domestic renewable energy sector. China’s continuous promotion of clean energy transition policy environment provides a favorable development space for renewable energy enterprises [2]. However, the company’s fundamental performance does not match the stock price gain: net profit dropped by 67.2% in the first half of the year [2], indicating that the recent stock price surge may be more driven by sector momentum and market sentiment rather than the improvement of the company’s own fundamentals.

1. Significant Sector Linkage Effect
   : Despite the company’s poor financial performance, it still benefited from the overall warming of the renewable energy sector, reflecting the current market’s strong preference for clean energy tracks [2].
2. Obvious Sentiment-Driven Characteristics
   : High trading volume (3.59 times the average volume) and price trends deviating from fundamentals indicate that market sentiment played a major role in this stock price surge [1].
3. Coexistence of Risks and Opportunities
   : The stock’s 52-week high is HK$2.280, and the current price still has some room from this level; however, the beta value of 0.31 (lower than market volatility) [1] and the recent rapid rise also suggest possible correction pressure in the future.

• Main Risks
  : The company’s fundamental performance has declined (net profit dropped by 67.2% in the first half of the year) [2], and the current stock price may have deviated from fundamental support; the renewable energy sector is highly competitive [3], and future growth is uncertain; the recent gain is large, and there is a correction risk in technical aspects.
• Potential Opportunities
  : If the company can improve its profitability or the sector policies are further favorable, the stock price still has room to rise; the current price is close to today’s support level of HK$1.160 [1], and if it can hold this position, it may attract more short-term funds.
• Priority Assessment
  : Investors need to focus on the company’s subsequent fundamental changes and sector policy dynamics, and treat short-term price fluctuations cautiously.

The recent stock price surge of Puxing Energy (00090.HK) is mainly driven by the overall growth of the renewable energy sector, and there are certain hidden concerns in the company’s own fundamentals. Investors should comprehensively consider multiple factors such as sector trends, company financial performance and market sentiment to make rational decisions.